The right-wing attack on universities

February 10, 2016

I met Sandeep Pandey days after he was sacked from his position as a visiting professor at a prestigious technical institute at Banaras Hindu University. We sat in a dreary guesthouse on the university campus. Pandey had just finished a long train ride.

rssWith his wrinkled kurta pajama and rubber slippers, he was every bit the picture of an old-fashioned leftist.

That was why he'd been fired. “Ideologically, I am at the opposite extreme to the people who are at present in power,” he said. “These people not only cannot tolerate any dissent; they don't even tolerate disagreement. They want everybody who disagrees with them out of this campus.”

Pandey was referring to Prime Minister Narendra Modi's Bharatiya Janata Party and — more to the point — the Rashtriya Swayamsevak Sangh, the BJP's cultural fountainhead.

The RSS was founded in 1925 as a muscular alternative to Mahatma Gandhi's freedom movement. Its founder admired Adolf Hitler, and in 1948 the organisation was blamed for indirectly inspiring Gandhi's assassination. The BJP has not always had an easy relationship with the RSS.

With its fanciful ideas of Hindu purity and its sweeping range of prejudices, the organisation is dangerously out of step with the realities of political landscape. When the BJP wants to win an election, it usually distances itself from the RSS' cultural agenda.

Modi's 2014 election had very little to do with the RSS and everything to do with his personality and promises of development. But the RSS doesn't see it that way. Like a fairy-tale dwarf, the group has sought to extract its due from the man it helped into power.

As payment for the debt, the RSS wants control of education. Specifically, it wants to install its men at the helm of universities where they will wreak vengeance on the traditionally left-wing intellectual establishment that has always held them in contempt.

At a prestigious film institute, students are protesting the appointment of a president whose only qualification, they feel, is a willingness to advance the RSS agenda. The group's members have met with the education minister in the hope of shaping education policy.

In states that the BJP controls, the RSS has been putting forward the names of under-qualified ideologues for advisory positions on the content of textbooks and curriculums. It has also sought to put those who share its ideology at the head of important cultural institutions, such as the Indian Council of Historical Research.

This is the background to Pandey's dismissal. His new boss, Girish Chandra Tripathi, the vice chancellor, is an RSS man. The Ministry of Human Resource Development helped push through his appointment after Modi's election.

The new vice chancellor soon turned on Pandey. “It was all engineered,” Pandey said to me. First, the professor said, he was denounced by a student. Then a local news website printed a bogus story accusing him of being part of an armed guerrilla movement (Pandey, a Gandhian, opposes all violence).

Soon after, the technical institute's board of governors decided, on Tripathi's recommendation, that he be fired. He is an alumnus of the university and a mechanical engineer with a degree from the University of California, Berkeley. He has won awards for his social work. None of this made a difference. He was given a month to clear out.

Value of dissent

I thought I should speak to the vice chancellor. He was out of town, but came on the telephone. The mention of “Sandeep Pandey” was like a trigger. He told me that Pandey had questioned whether Kashmir was an integral part of India and he had tried to screen the banned documentary “India's Daughter,” which deals with the infamous gang rape and murder of Jyoti Singh, a physiotherapy student in New Delhi in 2012.

I must not have seemed sufficiently appalled. Tripathi tried a different tack. He said, on hearing of my connection to an American publication, “Tell me, can you, being a professor in America, criticise the American government?” Yes, I answered. He tried again. “Can you,” he thundered down the line, “being a professor in America, teach what is against America's interests?”

I remembered a professor at Amherst College, my alma mater, who had once compared George W Bush to Osama bin Laden. “Probably,” I said. “Well, maybe you can in America,” he said with disgust. “But you can't do it in India.”

I had one last question. I had seen the vice chancellor recently at a religious event celebrating the university's centenary, where the presiding pundit had claimed that ancient India possessed the science of gestational surrogacy. “We had these technologies, too,” the pundit said, “but over the course of a thousand years of slavery we forgot them. Or, rather, we were made to forget them.”

Pandey, a man of science, had told me that Tripathi and his ilk were of the same mind as the pundit and even believed ancient India had possessed aircraft and ballistic missiles.

I had to ask. Did the vice chancellor really believe this? “I still say it,” he said defensively. I asked him to explain further. He said this was not a conversation to be had on the telephone. He would show me all the evidence later. The line went dead.

The problem with the vice chancellor is not just that he is right-wing. It is that he is unqualified for his position. This was never more apparent than in his total inability to grasp the value of dissent at an institution of learning.

Pandey has spent a lifetime working among some of India's most voiceless people. It was sinister in the extreme that he should be dismissed for being “anti-national.” And that term is being bandied about far too much by the RSS and its allies these days.

The RSS' student wing at the University of Hyderabad recently smeared a 26-year-old doctoral student from a low-caste background as “anti-national” for his activism. The university decided to ban him from all public spaces. Earlier this month he committed suicide.

The RSS has always been more of a liability for Modi than an asset. The organisation has been waiting to introduce its radical agenda on the cultural and academic landscape in place of the Modi government's promise of development.

If Modi gives them an opening, they will bury him. They will reduce his broad mandate to the hysteria of a few. And, in the bargain, they will do immeasurable harm to the capacious idea of what it means to be Indian.

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Pantaloon
 - 
Wednesday, 24 Feb 2016

Cheddi Gang with Lati but empty inside the brain...

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Agencies
March 15,2020

Cybercriminals continue to exploit public fear of rising coronavirus cases through malware and phishing emails in the guise of content coming from the Centers for Disease Control and Prevention (CDC) in the US and World Health Organisation (WHO), says cybersecurity firm Kaspersky.

In the APAC region, Kaspersky has detected 93 coronavirus-related malware in Bangladesh, 53 in the Philippines, 40 in China, 23 in Vietnam, 22 in India and 20 in Malaysia. 

Single-digit detections were monitored in Singapore, Japan, Indonesia, Hong Kong, Myanmar, and Thailand. 

Along with the consistent increase of 2019 coronavirus cases comes the incessant techniques cybercriminals are using to prey on public panic amidst the global epidemic, the company said in a statement. 

Kaspersky also detected emails offering products such as masks, and then the topic became more commonly used in Nigerian spam emails. Researchers also found scam emails with phishing links and malicious attachments.

One of the latest spam campaigns mimics the World Health Organisation (WHO), showing how cybercriminals recognise and are capitalising on the important role WHO has in providing trustworthy information about the coronavirus.

"We would encourage companies to be particularly vigilant at this time, and ensure employees who are working at home exercise caution. 

"Businesses should communicate clearly with workers to ensure they are aware of the risks, and do everything they can to secure remote access for those self-isolating or working from home," commented David Emm, principal security researcher.

Some malicious files are spread via email. 

For example, an Excel file distributed via email under the guise of a list of coronavirus victims allegedly sent from the World Health Organisation (WHO) was, in fact, a Trojan-Downloader, which secretly downloads and installs another malicious file. 

This second file was a Trojan-Spy designed to gather various data, including passwords, from the infected device and send it to the attacker.

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Agencies
July 6,2020

The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70% startups.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says.

In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70% participants said their businesses had been impacted by Covid-19 and around 12% had shut operations.

The survey shows only 22% startups have cash reserves to meet the fixed cost expenses over the next 3-6 months, and 68% are reducing operational and administrative expenses.

Around 30% of the companies said they would retrench employees if the lockdown was extended too long. The 43% startups have already started 20-40% salary cuts over April-June.

Over 33% startups said investors had put the investment decision on hold and 10% said the deals had been scrapped. Only 8% startups had received funds as per the deals signed before Covid-19 outbreak, the survey revealed.

The reduced funding has forced startups to put a hold on business development and manufacturing activities, which has resulted in loss of projected orders.

The survey highlights the need of an urgent relief package for startups, including possible purchase orders from the government, tax relief and swifter tax refunds, and immediate fiscal support measures, including grants, soft loans and payroll grants.

Besides 250 startups, 61 incubators and investors also participated in the survey.

While 96% of investors accepted that their investments in startups had been impacted by Covid-19, 92% said their investments in startups would continue to be low over the next six months.

Around 59% investors said they would prefer to work with the existing portfolio firms in the coming months. Only 41% said they would consider new deals.

"A comparison of priority investment sectors before and during Covid-19 shows 35% investors are now looking at investments in healthcare startups, followed by EdTech, AI/Deep Tech, FinTech and Agri," said the survey.

Around 44% incubators surveyed said their day-to-day operations had been considerably hit by Covid-19. Most incubators are now supporting their portfolio firms by providing them virtual platforms to interact with mentors, investors and industries.

Dilip Chenoy, FICCI Secretary General, said, "The startup sector is stressed for survival at the moment. The investment sentiment is also subdued and is expected to remain so in the coming months. Lack of working capital and cash flows may lead to major layoffs over the next 3-6 months."

Indian startups needed an enabling ecosystem and flow of funds to continue operations, the survey said.

Padmaja Ruparel, President, Indian Angel Network & Co-Chair of FICCI Startup Committee, said, "In these uncertain times, as investors, we must play an important role to provide the Indian startups funding, mentoring and hand-holding support to stay afloat and come out at the other end of this crisis."

To that end, IAN recently announced a debt fund to help IAN portfolio companies raise working capital and ensure business continuity by partnering with debt providers.

This must be replicated on a wider scale, so a larger number of startups are provided the capital support to make it during these tough times, Ruparel said.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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